2021-11-16T11:29:49-06:00 2020-12-31 364474078 SIDLEY AUSTIN LLP ONE SOUTH DEARBORN SUITE 2900 CHICAGO IL 60603 990 2020-01-01 371264166 SCHUYLER COUNTY EDUCATION FOUNDATION C/O RUSHVILLE STATE BANK SCHU 2173223323 PO BOX 50 RUSHVILLE IL 62681 LINDA M BUTLER VICE PRESIDENT AND TRUST OFFICER 2173223323 2021-11-15 1 LINDA BUTLER XXX-XX-XXXX MICHAEL A CLARK P01482699 3128537000 2021-11-15 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z LINDA M BUTLER PO BOX 50 RUSHVILLE IL 62681 28138 0 X N/A X 1988 IL PERFORM THE FUNCTIONS AND CARRY OUT THE PURPOSES OF SCHUYLER-INDUSTRY COMMUNITY UNIT SCHOOL DISTRICT #5 THROUGH SCHOLARSHIPS AND GRANTS 4 2 0 5 0 0 55849 16000 0 0 14291 12138 0 0 70140 28138 107372 10646 0 0 2588 0 0 0 0 6667 8090 116627 18736 -46487 9402 511894 521296 0 0 511894 521296 X THE EDUCATION FOUNDATION EXISTS TO BENEFIT, PERFORM THE FUNCTIONS OF, AND CARRY OUT THE PURPOSES OF THE SCHUYLER COMMUNITY UNIT SCHOOL DISTRICT #5 THROUGH SCHOLARSHIP GRANTS TO SCHUYLER COUNTY RESIDENTS AND THE SUPPORT OF SCHOOL AND COMMUNITY FACILITIES AVAILABLE TO STUDENTS IN SCHUYLER COUNTY, 0 0 8900 8900 SCHOLARSHIPS TO 22 SCHUYLER COUNTY RESIDENTS 1746 1746 EXPENDITURES FOR THE CONSTRUCTION, RENOVATION, MAINTENANCE, AND OPERATION OF COMMUNITY FACILITIES AVAILABLE FOR USE BY SCHUYLER COUNTY STUDENTS AND/OR SCHOOL PROGRAMS. 10646 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 2 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 IL X RUSHVILLE STATE BANK 2173223323 PO BOX 50 RUSHVILLE IL 62681 BRAD ESKRIDGE SCHOOL BOARD PRESIDENT 1.00 X 0 0 0 DR BEAU FRETUEG SICUSD #5 SUPERINTENDENT 1.00 X 0 0 0 LINDA BUTLER TRUSTEE REPRESENTATIVE 1.00 X 0 0 0 GREG ROEGGE PRESIDENT, RUSHVILLE ST. BANK 1.00 X 0 0 0 RUSHVILLE STATE BANK TRUSTEE 5.00 X 3084 0 0 3084 0 0 0 0 0 0 0 16000 16000 12138 12138 28138 0 0 12138 1746 1746 8900 8900 2312 2312 5007 5007 771 771 18736 10646 8090 0 -1 292060 299544 219834 221753 511894 521296 0 0 X 511894 521296 511894 521296 511894 521296 9402 0 X 0 0 0 X 17000 23500 410600 55849 16000 522949 17000 23500 410600 55849 16000 522949 210601 312348 9746 9752 11866 12718 12137 56219 579168 0.53930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 SCHOLARSHIPS 21 8900 PART I, LINE 2: THE REPRESENTATIVES OF THE CORPORATE TRUSTEE AND ALL OF THE FOUNDATION'S ADVISORY COMMITTEE MEMBERS ARE RESIDENTS OF SCHUYLER COUNTY AND LIVE IN OR NEAR RUSHVILLE, ILLINOIS. THEY ARE THUS IN A POSITION TO REGULARLY REVIEW THE RESULTS OF THE FOUNDATION'S GRANT PROGRAMS FOR THE CONSTRUCTION, MAINTENANCE, OR OPERATION OF PROGRAMS BENEFITTING COMMUNITY RESIDENTS AND STUDENTS OF RUSHVILLE-INDUSTRY COMMUNITY UNIT SCHOOL DISTRICT #5. PART III, LINE 1 THE FOUNDATION IS A TRUST, MANAGED BY A TRUSTEE, THE RUSHVILLE STATE BANK. IN ADDITION, ALL DECISIONS REGARDING PROGRAM EXPENDITURES AND GRANTS BY THE FOUNDATION ARE REVIEWED BY ITS ADVISORY COMMITTEE, CONSISTING OF THE SUPERINTENDENT OF THE SCHUYLER-INDUSTRY COMMUNITY UNIT SCHOOL DISTRICT, THE PRESIDENT OF THE BOARD OF EDUCATION OF THE DISTRICT, AND ONE REPRESENTATIVE APPOINTED BY THE DIRECTORS OF THE TRUSTEE, THE RUSHVILLE STATE BANK (CURRENTLY THE BANK'S PRESIDENT). THE RUSHVILLE STATE BANK TRUST OFFICER OVERSEEING THE ADMINISTRATION OF THE TRUST ALSO ATTENDS MEETINGS OF THE ADVISORY COMMITTEE ON BEHALF OF THE TRUSTEE. ALL OF THESE INDIVIDUALS HAVE CONNECTIONS TO THE SCHOOL DISTRICT DUE TO THEIR POSITIONS AND RESIDENCE IN THE COMMUNITIES SERVED BY THE SCHOOL DISTRICT. THE FOUNDATION CURRENTLY HAS FOUR SCHOLARSHIP PROGRAMS. THE MICHAEL WARD SCHOLARSHIP IS AWARDED TO A STUDENT OR GRADUATE OF THE DISTRICT ENROLLED AT THE UNIVERSITY OF ILLINOIS AT CHAMPAIGN-URBANA FOR THE FALL SEMESTER. THE VICTOR WOOD MEMORIAL SCHOLARSHIP IS AWARDED TO A SENIOR AT RUSHVILLE-INDUSTRY HIGH SCHOOL WHO WILL BE ATTENDING A COMMUNITY COLLEGE, COLLEGE, OR UNIVERSITY TO ENTER THE FIELD OF EDUCATION. THE RUTH HOLLENBACK SCHOLARSHIP IS AWARDED TO STUDENTS WHO ARE RESIDENTS OF SCHUYLER COUNTY AND DEMONSTRATE FINANCIAL NEED AND ARE ENROLLED IN A VOCATIONAL SCHOOL, COMMUNITY COLLEGE, COLLEGE, OR UNIVERSITY. THE A HAND UP SCHOLARSHIP IS AWARDED TO A SENIOR AT RUSHVILLE-INDUSTRY HIGH SCHOOL WHO IS A SCHUYLER COUNTY RESIDENT AND PLANS TO PURSUE HIGHER EDUCATION AT AN ACCREDITED TRADE SCHOOL. THE FOUNDATION VERIFIES INITIAL ELIGIBILITY BY VERIFYING INITIAL AND, WHERE APPLICABLE, CONTINUING ELIGIBILITY BY REVIEWING PROOF OF ENROLLMENT SUCH AS BILLS OR CLASS SCHEDULES. FORM 990, PART VI, SECTION B, LINE 11B PURSUANT TO THE FOUNDATION'S GOVERNING DOCUMENTS, IT IS ADMINISTERED BY A CORPORATE TRUSTEE, RUSHVILLE STATE BANK. THE CORPORATE TRUSTEE REVIEWS THE RETURNS IN ACCORDANCE WITH ITS NORMAL ADMINISTRATIVE PROCEDURES. THE RETURN IS MADE AVAILABLE TO THE FOUNDATION'S GOVERNING BODY UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION DOES NOT ROUTINELY MAKE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. BECAUSE THE FOUNDATION HAS A CORPORATE TRUSTEE WITH FIDUCIARY DUTIES, THE FOUNDATION DOES NOT HAVE A CONFLICT OF INTEREST POLICY.